ABG Shipyard Q4 Net Up 11 Percent to 45 Crore

Wednesday, 30 May 2012, 11:12 Hrs
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New Delhi: ABG Shipyard reported 11 percent rise in net profit at 45.38 crore for the quarter ended March 31, 2012.

The private shipbuilder had reported a net profit of 40.66 crore in the same quarter last fiscal.

Total income of the company during the period rose to Rs 663 crore from 532 crore a year ago, it said in a filing to BSE.

ABG Shipyard's consolidated net profit for 2011-12 was, however, down to 186 crore against 194 crore in 2010-11.

The shares of the company were trading at 385.7 apiece on the BSE during the afternoon trade, down 0.55 percent over the previous day closing.
Source: PTI
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